Robust growth reported in Tianjin FTZ

[photopress:industrial_zones_Tiajjin.jpg,full,alignright]The FTZ – Free Trade Zone – of Tianjian port, the largest in north China, reported a robust economic growth of 46.5% year-on-year in 2007.

Feng Zhijiang, the zone administrative commission’s director said the zone’s gross domestic product reached a record high of RMB30 billion (US$4.1 billion) last year.

The total industrial output value was RMB39.6 billion, up 55%. The FTZ covers an area of five square kilometers at the Tianjin port and currently has 2,000 registered trade companies and 300 logistics firms.

In the coming year Feng Zhijiang said the zone would aim for a RMB42 billion GDP.

China has about 15 free trade zones along its east-south coastal areas. They enjoy a number of preferential polices in tariffs and investment opportunities.
Source: China Daily

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